Course description

"Statistics for Business Decisions" explores the application of statistical methods in business, covering data analysis, probability, hypothesis testing, and decision-making techniques. It helps businesses make informed choices based on data-driven insights. The course/book is essential for managers, analysts, and entrepreneurs.

What will i learn?

• Students will be able to understand the importance and use of the various statistical tools of data collection and analysis
• Students will be well equipped to recognize the problem.
• Students will be able to use appropriate tables, charts and graphs for data analysis.
• Students will be able to formulate the appropriate hypothesis, use the appropriate measures of central tendency, measures of dispersion, hypothesis testing technique, and interpret the results thereof.
• Students will also be able to use excel for data analysis and hypothesis testing.